Capital Fund Management S.A. Purchases New Holdings in Atmus Filtration Technologies Inc. $ATMU

Capital Fund Management S.A. bought a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,191 shares of the company’s stock, valued at approximately $1,646,000.

Other institutional investors have also added to or reduced their stakes in the company. Eminence Capital LP raised its holdings in shares of Atmus Filtration Technologies by 25.4% in the 1st quarter. Eminence Capital LP now owns 5,757,054 shares of the company’s stock valued at $211,457,000 after purchasing an additional 1,164,440 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Atmus Filtration Technologies by 24.5% during the 1st quarter. Wellington Management Group LLP now owns 2,425,657 shares of the company’s stock worth $89,094,000 after buying an additional 478,018 shares during the period. Geode Capital Management LLC grew its stake in Atmus Filtration Technologies by 20.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,365,362 shares of the company’s stock valued at $86,154,000 after buying an additional 407,484 shares during the last quarter. Invesco Ltd. increased its stake in shares of Atmus Filtration Technologies by 84.8% during the first quarter. Invesco Ltd. now owns 2,157,850 shares of the company’s stock worth $79,258,000 after purchasing an additional 990,468 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Atmus Filtration Technologies by 2.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,677,985 shares of the company’s stock worth $61,633,000 after purchasing an additional 45,806 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Price Performance

ATMU stock opened at $52.83 on Friday. The company’s 50-day moving average price is $46.70 and its two-hundred day moving average price is $42.31. The firm has a market cap of $4.31 billion, a P/E ratio of 22.01, a P/E/G ratio of 3.46 and a beta of 1.58. The company has a quick ratio of 1.41, a current ratio of 2.14 and a debt-to-equity ratio of 1.63. Atmus Filtration Technologies Inc. has a 12 month low of $30.94 and a 12 month high of $53.56.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. The company had revenue of $447.70 million during the quarter, compared to the consensus estimate of $415.02 million. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. On average, analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a $0.055 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $0.22 annualized dividend and a dividend yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.17%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ATMU shares. Wells Fargo & Company increased their price objective on Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. upgraded shares of Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $53.00 to $60.00 in a research report on Wednesday, November 26th. Robert W. Baird lifted their price target on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Atmus Filtration Technologies Profile

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.